Supply And Demand Trivia Quiz

5 Questions | Total Attempts: 1185

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Supply And Demand Trivia Quiz

To test the knowledge of students on the topic of supply and demand.


Questions and Answers
  • 1. 
    Price is the determining factor of both suppy and demand?
    • A. 

      True

    • B. 

      False

  • 2. 
    The law of supply clearly states that
    • A. 

      The more people want the more supplied

    • B. 

      The lower the price level the more produced

    • C. 

      The higher the price level the more produced

    • D. 

      What is supplied is all that is available

  • 3. 
    The demand curve has a                         slope.
  • 4. 
    Demand
    • A. 

      Is the amount supplied

    • B. 

      The quantity desired by the people at a certain price level

    • C. 

      Is what people what at a certain time

  • 5. 
    The law of demand states that at a higher price people will demand                wil be demanded.